Holding news

ECO-Culture launches the construction of a new greenhouse complex in Kabardino-Balkaria

With the support of its permanent partner Rosselkhozbank and the government of the Republic of Kabardino-Balkaria, ECO-Culture holding started the construction of a new modern greenhouse complex in the Chegemsky district. An official letter of intent was signed between the parties on 27 August, with a symbolic stone being laid for the new facility. About 7.6 billion rubles are to be invested in the first stage of construction with an area of 37.6 hectares. The total area of the complex will amount to 100 hectares, while its total estimated cost is expected to reach 18.4 billion rubles. The facility is set to be the largest indoor facility in the North Caucasus.

It wasn’t by chance that Chegemsky district was chosen for the construction. It has favorable climatic conditions and high levels of solar activity, which will allow the company to save money on supplementary lighting.

The high-tech greenhouse complex called “Parnik” for year-round fruiting is yet another large-scale project of ECO-Culture. The new facility will be specializing in tomato production, just like the majority of other enterprises of the holding. The company uses the same technology for growing vegetables in all greenhouses, which implies applying only biological methods of plant growth stimulation and anti-pest treatment. All these make the holding’s products completely environmentally friendly and safe.

Alexander Rudakov, the president of ECO-Culture, noted that as each new project is launched, it evokes a whole range of vivid emotions, including both confidence in success and hope for the maximum benefit of the endeavor. The social significance of such objects is also hard to overestimate. After all, greenhouse complexes often become the backbone enterprises of the whole district. Each facility means, first and foremost, hundreds or even thousands of jobs, as well as a significant help in the infrastructural development.

Official persons from the administration of the region – the Head of Kabardino-Balkarian Republic Kazbek Kokov, the Chairman of the Government of Kabardino-Balkarian Republic Aliy Musukov, the Minister of Agriculture Khasan Sizhazhev, the Minister of Economic Development Boris Rakhaev – took part in the solemn ceremony of laying a symbolic stone of the new enterprise. Igor Yatsuk, the Deputy Director of the Stavropol branch of Rosselkhozbank, attended the event on behalf of the credit institution, while the agricultural holding was represented by Alexander Rudakov, the President of ECO-Culture.

The first stage of the construction is planned to be completed in early 2023. Meanwhile, the estimated volume of production is 19.8 thousand tons of tomatoes per year. It will also create 640 new jobs for the residents of the region. The enterprise will reach its full capacity in the IV quarter of 2024. All in all, it is expected to provide the region with over 2,000 permanent jobs.